Archive for  December 2012
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Southeast Asian stock markets ended higher on Thursday, led by banks, with the Philippines hitting a record high on hopes the United States would avert a looming fiscal crisis. President Barack Obama on Wednesday said
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Indian shares rose for a third day after a key government ally said it would support foreign direct investment in supermarkets in a vote on Friday in the upper house of parliament. Shares were down
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Britain's top share index hit a two-month high on Thursday, fuelled by risk-sensitive stocks, but lagged European peers as wary investors met resistance around previous year highs. At the close, the FTSE 100 was up
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British finance minister George Osborne defended his handling of the economy on Thursday after Fitch warned that his latest austerity budget had sparked questions over the nation's top AAA credit rating. Chancellor of the Exchequer
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A politically charged deal between the French government and ArcelorMittal to preserve jobs at an ailing steelworks looked at risk of unravelling on Thursday after the global steel giant ditched a bid to run an
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Unemployment in Greece climbed to a new record of 26 percent in September, topping that of Spain to become the highest in the euro area, data by Greece's statistics service ELSTAT showed on Thursday. Greece's
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German exports of cars and machinery helped shield the Eurozone from a deeper recession in the third quarter while companies emptied warehouses and cut investments, showing the role of trade in driving any recovery. Confirming
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France's unemployment rate rose to 10.3 percent in the third quarter of 2012, its highest since the third quarter of 1999, from 10.2 percent in the previous quarter, data published by national statistics office INSEE
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South Africa's biggest retail bank Absa, majority-owned by Barclays Plc, has reached an all-share deal to acquire the British bank's operations in Africa to allow it to expand on the continent and catch up with
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Australian employment outstripped expectations for a second month in November and the jobless rate surprised everyone with a drop to 5.2 percent, an encouraging report that could lessen the urgency for more rate cuts. The
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